Cannabis stock reaction to rescheduling delay ‘overblown’
WEBSep 6, 2024 · The recent news that the Drug Enforcement Administration scheduled an administrative hearing for Dec. 2 to “consider differing expert opinions regarding rescheduling of cannabis to schedule III” put many cannabis companies on edge. “The cannabis equity market lurched violently downward on the news as it clearly pushed the issuance of final rulemaking to after the election and probably ...
Green Market Report
WEBSep 30, 2024 · Ohio exceeds $87 million in adult-use marijuana sales in first two months. Compared with some neighboring markets, Ohio’s adult-use launch has been rather successful. 0 8 min. Business Private. October 3, 2024 Adam Jackson.
Verano Closes On Sierra Well In Bought Deal For $29 Million
WEBSep 7, 2022 · Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) closed its previously announced $29-million-dollar deal to buy WSCC, which operates as Sierra Well. The bought deal, which was initially announced in July 2021, adds five active dispensaries and two cultivation and production facilities to Verano’s vertically integrated Nevada operations.
Whitney Economics slashes U.S. hemp acreage forecast by 82%
WEBSep 4, 2024 · Cannabis and hemp business consulting firm Whitney Economics has dramatically reduced its 2030 forecast for U.S. hemp grain and fiber acreage, citing regulatory uncertainties and infrastructural challenges.. The firm now projects 1 million acres by 2030, down 82% from its previous estimate. The revision could translate to approximately $3.1 billion in lost revenue for U.S. hemp farmers, it ...
Report: IRS official says rescheduling may bring new 280E …
WEBSep 24, 2024 · A lawyer for the Internal Revenue Service told a group of accountants in Denver recently that despite the ongoing marijuana rescheduling process – which should nullify the 280E section of the federal tax code for state-legal cannabis companies – the tax policy will be enforced until rescheduling is completed. And after that, the attorney warned, the regulatory move will likely give the ...
New York state cannabis task force wraps up, city's crackdown to …
WEBAug 26, 2024 · Hochul’s office maintained that legal cannabis sales have skyrocketed during the three-month crackdown, with state marijuana sales topping $368 million thus far in 2024. “Licensed retailers report an average increase of 50% in sales statewide and 97% in New York City,” Hochul’s office said in the release, adding that the OCM “is ...
Business Archives - Green Market Report
WEBSep 27, 2024 · News from: Weedmaps, CanaFarma, Kentucky, 4Front Ventures and more. The company also signed an updated credit agreement with an existing lender for $2.6 million. A lottery for cultivator and processor permits is scheduled for Oct. 28. The operators argue that the new rules change the definition of hemp that was laid out in …
Planet 13 sues Casa Verde for fraud in sprawling cannabis financial …
WEBFeb 6, 2024 · A financial battle royale among at least eight different cannabis stakeholders – which has been building to a crescendo since it began in May – reached a new level in January with multistate operator Planet 13 Holdings (CSE:PLTH)(OTCQX:PLNH) filing a fraud lawsuit for $16.5 million against high-profile California marijuana investment firm Casa Verde Capital, which […]
Germany says yes to marijuana legalization - Green Market Report
WEBFeb 23, 2024 · The German parliament voted to federally legalize cannabis. The full body voted 407-226 for the final passage on Friday. Germany is now the third European Union member state to legalize cannabis for personal use, following Malta and Luxembourg.. Health Minister Karl Lauterbach said on X, “Cannabis legalization was passed in the Bundestag with 407 votes to 226.
Cannabis Benchmarks Wholesale Market Price Assessments
WEB5 days ago · Cannabis Benchmarks, a division of New Leaf Data Services, is a leading provider of financial, business and industry data for the north american cannabis markets, offering comprehensive and unique benchmark services for public and private organizations, and financial institutions. Visit Cannabis Benchmarks on the web.